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  • FIRST POST
    • Kazza242
    • By Kazza242 14th Mar 07, 10:18 PM
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    Kazza242
    New Cash ISAs (NISAs): The Best Currently Available List
    • #1
    • 14th Mar 07, 10:18 PM
    New Cash ISAs (NISAs): The Best Currently Available List 14th Mar 07 at 10:18 PM
    New Cash ISAs (NISAs): The Best Currently Available List


    **Please note: The list of ISAs I have compiled below is continually updated. New ISAs are added as they launch and withdrawn ISAs will be removed from the list. Updates to the list are made during the evening.**

    The current New Cash ISA (NISA) limit is 20,000 for the 2018/19 tax year.

    **As with any financial product, before opening a NISA do ensure that you have read and understood the terms and conditions.**


    All rates are subject to change without notice. Please check all rates and terms before investing.

    If you can think of an NISA I have missed please do send me a PM.
    Last edited by Kazza242; 30-08-2018 at 10:25 PM. Reason: List updated...
Page 3
    • Kazza242
    • By Kazza242 20th Mar 07, 4:15 PM
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    Kazza242
    can anyone help me, Ive put 1k in a NS&I 5.8% for 06/07. this was since last weeks money tip, but now I want to put it in the Barclays 6.5%.

    NS&I said I can cancel, but then it shouldnt have anything to do with the 07/08 period and Barclays right???
    Originally posted by jinkssick
    You can cancel it, but you wouldn't be allowed to deposit the funds from your NS&I isa into the Barclays ISA before April 6th 2007. There is of course nothing stopping you from placing it into a new ISA from 6th April '07.

    I don't think it's a good idea to cancel your existing isa, using the money from it to fund an isa for 07/08, as you would lose out on part of your 06/07 allowance. If you don't use it you lose it forever. I suppose it all depends on the amount of money you have available to deposit into an isa. If you think you'll have more money during 07/08 to deposit then it's probably better to stick with your existing NS&I isa. Then open the Barclays isa on or after Apr 6th where you can deposit up to 3,000 until Apr 5th 2008.
    Please call me 'Kazza'.
  • thumshie
    Ive put 1k in a NS&I 5.8% for 06/07. this was since last weeks money tip, but now I want to put it in the Barclays 6.5%.
    Originally posted by jinkssick
    Most(If not all:confused: ) banks will offer the cooling off period of 14 days from account opening. I've seen it in the T&C's for barclays,HSBC,YBS to name a few:
    5.2 If you wish to close your account and notify us within 14 days of the opening day of the account, the agreement between us will be cancelled. Repayment of funds plus sny gross interest wull be returned to you usually within 5 working days. You will still be able to open an isa with another ISA manager ir us and your full annual subscription limits will remain.
    by barclays T&C's
    So if your quote above means you've only just opened the NS&I, you may(check with them) be able to close the account without it removing the ability to open another in the same tax year. The question is, will they refund in time for you to apply this year to Barclays??
  • Macce
    Are you sure Britannia dont accept transfers as on thier site for this ISA it says...

    You can transfer in previous years' ISA balances from other Britannia ISAs or ISAs held with other providers.


    Fixed rate mini cash isa's for 'new money' only (i.e. they don't accept transfers in):

    1 Year deals:
    [*] Britannia BS 5.85% (fixed until April 6th 2008). Minimum deposit: 3,000.
    Existing Britannia fixed rate cash isa customers have been offered 6%.
    Originally posted by Kazza242
  • Chillum
    Like Kazza, I will probably split my current ISA and any new money for an ISA.

    Barclays seem like the obvious favourite for new money.

    The question is regarding my current ISA.

    I probably wil go with Abbey but want to clear up one thing, for balances £9k and above, does the 5.75% apply tot he whole balance or just to that £9k+?
    • Kazza242
    • By Kazza242 20th Mar 07, 10:23 PM
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    Kazza242
    Like Kazza, I will probably split my current ISA and any new money for an ISA.

    Barclays seem like the obvious favourite for new money.
    Originally posted by Chillum
    Barclays' offering is my current favourite for new money too.

    I probably wil go with Abbey but want to clear up one thing, for balances 9k and above, does the 5.75% apply tot he whole balance or just to that 9k+?
    Originally posted by Chillum
    The 5.75% rate applies to the whole balance, but you must have at least 9,000 in the ISA to qualify for this rate.
    Please call me 'Kazza'.
    • Kazza242
    • By Kazza242 20th Mar 07, 10:28 PM
    • 1,901 Posts
    • 2,480 Thanks
    Kazza242
    Are you sure Britannia dont accept transfers as on thier site for this ISA it says...

    You can transfer in previous years' ISA balances from other Britannia ISAs or ISAs held with other providers.
    Originally posted by Macce
    It seems they may have changed the info on their website since I made my original post. Moneyfacts also reported that transfers weren't allowed also, but they have since changed this info. Thanks, I'll change it.
    Please call me 'Kazza'.
  • fablad75
    As I'm opening a current account with Nationwide (to get the £100 switching bonus, tee hee) I'm just going to transfer my existing ISA to their 5.85% Fixed Rate ISA for one year. Is this a good account?

    I've never done a fixed rate ISA before, so can anyone tell me what the potential problems are? I don't anticipate needing the money during this period.
  • GreatGatsby22
    Dear Friends...Hopefully a simple q for you experts - my head is still spinning!
    I used up my 2005-2006 allowance of 3000 in the A&L 5.2% ISA but it was reduced by April tax deadline, so I transferred my previous ISA into the Halifax fixed 5.0% (I waited until after deadline so that my PREVIOUS year's investment with the Abbey was completed, otherwise I'd have incurred penalties). I also put my 2006-2007 3000 into the HFX 5.0%.
    Am I allowed to transfer BOTH my A&L and HFX ISAs to a new provider who allows transfers? Must it be on the same date? Appreciated!!
    • Kazza242
    • By Kazza242 21st Mar 07, 12:56 PM
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    Kazza242
    Am I allowed to transfer BOTH my A&L and HFX ISAs to a new provider who allows transfers? Must it be on the same date? Appreciated!!
    Originally posted by GreatGatsby22
    Yes, you are allowed to do this. The transfers in do not have to occur on the same date, provided you are transferring into a non-fixed term ISA.
    Please call me 'Kazza'.
  • GreatGatsby22
    Many thx Kazza, my ISA Guru
    • Kazza242
    • By Kazza242 21st Mar 07, 1:44 PM
    • 1,901 Posts
    • 2,480 Thanks
    Kazza242
    As I'm opening a current account with Nationwide (to get the 100 switching bonus, tee hee) I'm just going to transfer my existing ISA to their 5.85% Fixed Rate ISA for one year. Is this a good account?

    I've never done a fixed rate ISA before, so can anyone tell me what the potential problems are? I don't anticipate needing the money during this period.
    Originally posted by fablad75
    I think it is a good account and a good interest rate. What you need to think about is whether or not BOE interest rates are likely to increase further than the current 5.25% rate. If it does your fixed rate isa will not benefit from the rise at all. However, if the BOE rate falls you will not lose any interest.
    Please call me 'Kazza'.
    • groverjoe
    • By groverjoe 21st Mar 07, 6:38 PM
    • 15 Posts
    • 3 Thanks
    groverjoe
    Hello all,

    I hope somebody can offer me some advice on the best action to take regarding my ISA situation. I currently have 1000 in an A&L ISA, with a rate of 5.7% (including a 0.7% bonus till the end of April), and am looking for the best place to move the money to when this rate drops.

    I've been considering the top rated ISAs that allow transfers in such as YBS and Abbey, but should I also think about drip-feeding into an HSBC Regular Saver Account (250 per month maximum for 4 months; fixed at 8% gross/6.4% net) as I already hold a current account with them? Not really sure which route would provide the better interest over the year. Any major advantages/disadvantages of saving in a Regular Saver account instead of an ISA, besides the 250 maximum monthly payment?

    Thanks for your help.
    • Kazza242
    • By Kazza242 21st Mar 07, 8:01 PM
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    • 2,480 Thanks
    Kazza242
    groverjoe - You haven't added your tax status to your post, which is really important when comparing an ISA to an account which is taxed - unless the customer registers for gross interest.

    Assuming you're a basic rate tax payer, who is comparing paying in 250 pm into the HSBC regular saver to YBS' 5.65% ISA:

    HSBC's regular saver would make approx. 104 interest while the YBS ISA would make 91 interest. However, this only illustrates the approximate return you would get over the short term.

    The best thing about mini cash ISA's are that they are tax-free i.e. you get to keep all of the interest that they accrue over the years. The long term gain from an ISA definitely outways the short term gain of regular savings accounts in my opinion.

    I have many regular savings accounts, some of which are paying 12% or more. However, I always use my ISA allowance first and then put any surplus funds into regular savers and then easy access accounts. The HSBC regular saver sweeps the funds into a lower interest paying account after just one year, you can start a new one, but the balance starts from '0.00' again. Whereas the ISA allows you to build up a large lump sum over the years earning tax-free interest on your interest as well as your capital.
    Please call me 'Kazza'.
    • groverjoe
    • By groverjoe 22nd Mar 07, 11:48 AM
    • 15 Posts
    • 3 Thanks
    groverjoe
    Kazaa - thanks for the very clear explanation which has made things so much simpler! I'm going to follow your advice and take the ISA route initially to benefit from the long term gain (I'm a basic rate tax payer, so the short term interest gain from the regular saver would be minimal).

    Can the £1000 lump sum be transferred in to a new provider at any time (YBS/Abbey), and for the maximum benefit, would you recommend adding 07/08 contributions to the lump sum or to another new ISA provider with a higher rate (such as Barclays at 6.5%). Is this allowed within the ISA rules?

    Thanks again.
    • Kazza242
    • By Kazza242 22nd Mar 07, 9:55 PM
    • 1,901 Posts
    • 2,480 Thanks
    Kazza242
    Can the £1000 lump sum be transferred in to a new provider at any time (YBS/Abbey)
    Originally posted by groverjoe
    Yes, the £1,000 you currently have with A&L can be transferred* to another provider at any time. If you have more money available to deposit before April 6th, why not top up this isa? Also, if you have less than £9K YBS offers a better isa rate at 5.65% to Abbey's 5.50%. [*Allow the providers to handle the transfer for you, don't try to transfer it yourself].

    ...for the maximum benefit, would you recommend adding 07/08 contributions to the lump sum or to another new ISA provider with a higher rate (such as Barclays at 6.5%). Is this allowed within the ISA rules?
    Originally posted by groverjoe
    It is allowed under ISA rules. From April 6th every year we all get a new ISA allowance, which you can deposit with your existing isa savings provider or open an isa with a different provider.

    On your question of whether it is better to keep your existing and new isa savings (07-08) together, it is up to you. In the past I've tended to keep mine together, because the rates on offer for 'new money' isa's at the time wasn't much better than the rate I was receiving on my existing isa savings. However, this year this is no longer the case with Barclays' 6.50% offering being 0.85% more than YBS' rate for example. I am transferring my existing isa(s) to another provider and then opening a new money isa elsewhere.
    Please call me 'Kazza'.
    • udydudy
    • By udydudy 24th Mar 07, 3:57 PM
    • 551 Posts
    • 188 Thanks
    udydudy
    This is the best deal.
    Superb work Kazza.

    For those looking for a longer term perhaps this 4 year deal:
    • Halifax Fixed Rate ISA Saver - 6.00%
      Minimum deposit: 3,000. Max 33,000. Transfers in requests accepted. Earlier access on closure only on 30 day notice + 180 day loss of interest.
    Originally posted by Mr Mumble

    Just locked in all my ISAs into the halifax 4 yr deal as I expect interest rates to come down staring 3rd or fourth quarter of this year with 5.25 being the topmost interest rate.

    Also over 2 yrs if interest rates come down to 4-4.25% then 6% tax free look gr8

    The only hitch being the 180 days interest cost for early withdrawal and part withdrawal not allowed. So i did 2 fixed rate ISAs (65% & 35% of total amounts) so that if i did need access I can break only one of them
  • Pusser
    Abbey Isa
    Thank you Kazza for the very useful list of ISAs. I too have spent today searching for the best place to put some money from a house sale that went through last week and the cheque cleared today.

    I have been looking at the Abbey 8.1% ISA that is linked into a Growth Plan - has anybody else looked at this?

    I also need to invest my cash ISA limit for this year, followed swiftly by next years, and am wavering between the NS&I and Barclays - any suggestions?

    Fully intend utilising the NS&I 3 or 5 year accounts to maximise tax free investments. Does anyone know if you can invest the maximum 15,000 each year, or once it has 15,000 in the account is that it?
  • travel_freak
    Advice on best place to transfer existing ISA
    Hi there,

    My current ISA is with A&L and I am looking for the best new home to transfer it to - please can anyone advise? I've been reading on here about Ruffler but feel a bit uncomfortable with them as I hadn't heard of them before. I think the next best paying one might be the Abbey ISA which seems to be paying 5.75% on balances of 9k plus and seems to allow transfers in - does anyone have any thoughts on this or other suggestions?

    Also, am I too late to arrange transfers to another provider - I'm not sure what's involved.

    I've decided that for the next ISA year I will probably go with the Barclays ISA as that seems to be paying the best rate at the moment.

    Thanks in advance.

    Regards,
    • Kazza242
    • By Kazza242 24th Mar 07, 5:42 PM
    • 1,901 Posts
    • 2,480 Thanks
    Kazza242
    Thank you Kazza for the very useful list of ISAs.
    Originally posted by Pusser
    I'm glad it's been of help. It has certainly helped me to make up my mind.

    I have been looking at the Abbey 8.1% ISA that is linked into a Growth Plan - has anybody else looked at this?
    by Pusser
    I'm not keen on this ISA at all, because the 8.1% rate only lasts until May 2008 and then reverts to just 5.25% (for balances of 9K+) or 5.00% (balances under 9K). You have to put an equal sum of money into Growth Plan which is then tied up for 3 years. The growth plan is seen as a rather poor product.

    I also need to invest my cash ISA limit for this year, followed swiftly by next years, and am wavering between the NS&I and Barclays - any suggestions?
    by Pusser
    They are both very good ISAs. NS&I guarantee to pay BOE base rate + 0.55% until 5th April 2008. Barclays' offering pays 5.50% + a 1.00% bonus. The bonus expires one year after opening the account. As both guarantee and bonus expire in a year, you would have to transfer out of both ISA's sometime next spring. I think the Barclays' 6.50% is too good a deal to miss out on, especially as you haven't used this years ISA allowance yet.

    Fully intend utilising the NS&I 3 or 5 year accounts to maximise tax free investments. Does anyone know if you can invest the maximum 15,000 each year, or once it has 15,000 in the account is that it?
    by Pusser
    The maximum is 15,000 per issue not per year.
    Please call me 'Kazza'.
    • Kazza242
    • By Kazza242 24th Mar 07, 5:58 PM
    • 1,901 Posts
    • 2,480 Thanks
    Kazza242
    I've been reading on here about Ruffler but feel a bit uncomfortable with them as I hadn't heard of them before.
    Originally posted by travel_freak
    They aren't particularly well known. Some MSE members have transferred their ISAs to them, but like you, others have decided against transferring to them because they've never heard of them. Like all banks, they are a member of the FSA compensation scheme which is the most important thing.

    I think the next best paying one might be the Abbey ISA which seems to be paying 5.75% on balances of £9k plus and seems to allow transfers in - does anyone have any thoughts on this or other suggestions?
    by travel_freak
    This ISA currently offers a good rate for those with balances of £9K+, but the rate includes a 0.50% which expires in May 2008. The rate then reverts to 5.25% (or 5.00% for balances under £9K). I think this ISA is good choice provided you a) have the £9K or more to deposit and b) are prepared to tranfer out around May 2008. Others to possibly consider are Kent Reliance at 5.71% (they have maintained a good rate for two years) and YBS 5.65%.

    Also, am I too late to arrange transfers to another provider - I'm not sure what's involved.
    by travel_freak
    It is never too late to arrange an ISA transfer. As you are currently in a non-fixed term ISA, you can initiate a transfer at any time during the year. Check out this thread for more info on transferring: http://forums.moneysavingexpert.com/showthread.html?p=3921669&highlight=steps#post3921 669

    I've decided that for the next ISA year I will probably go with the Barclays ISA as that seems to be paying the best rate at the moment.
    by travel_freak
    For 'new money' ISAs Barclays is probably now the best choice.
    Last edited by Kazza242; 24-03-2007 at 6:39 PM.
    Please call me 'Kazza'.
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